Okay guys, i m accidentally get into this website. Let me try my very best to provide you all more info. However, it's highly advisable you consult a ethical and pro FA before you insured.

1) TITLE
36CI ONLY
- Analysis has been done on Allianz, AIA, Manulife, GE, HLA, ING and PRU.
Allianz and HLA is the best in term of widest range of coverage, total 39.
HLA's cost is slight cheaper for life & 36CI compare to Allianz, but not medical.

Beside 36CI, there is also-
- early CI claim- Manulife & GE
- multiple CI clam - AIA, PRU, ING (i supposed)

2) RBK 23
OutPatient - Mainly for Cancer Treatment & Kidney Dialysis
Perhaps it's the most important aspect we look at for protection plan.

Allianz has no limit for it except the old standalone medical card.

Manulife Yes, AIA also got limit, most GE & AIA plan before 2009 also got such clause, for instance. life time limit for out patient cancer is only RM10,000 for AIA.

Emmm, actually this is an inconvenient truth.
It's quite sad that >85% of the "innocent insured" still havent known this.

3) P Jusa
Most standalone medical card are guaranteed renewable as long as you insured under LIFE insurance. Only general insurance is renewable under yearly basis, such as the employee medical benefit.

What does matter for matter card is :
1) Yearly Limit (at least 100k)
2) LiteTime Limit (at least 500k)
3) OutPatient Cancer Treatment and kidney dialysis (as charged)
4) Co-Insurance (no co insurance)
5) Mature age (80)

If you looking into the cost, investment-linked product would give you a 20-30% cheaper Cost of Insurance compare to standalone.


Conclusion :
As a FA, we hve gone through all insurers' products.
(There are only 164 of FA in Msia as on 28 Feb 2011)

The plan can be designed as in all in one, advanced and even superior, based on different budget and needs. No insurer are perfect nor sucks.

Below is the recommended way for DIY insurance plan :
1) Determine Types - Par, Non pPar, Term or IL
(Strike a balance btw protection and cash value)

2) Set the priority among perils (Fundamental)
- Life
- CI, Early CI, multiple CI
- H&S
- PA
- Female Disease etc
- etc etc

3) Look into the scope of coverages for your priority.
As mentioned, all 36CI coverage are difference from insurers, as well as medical card.


4) Determine the budget and ask 2-3 insurers to give you the sales illustration to look at the cash value as well as scopes of coverages.

5) Review every year



Some one has mentioned FA shouldn't sell but just advising.
FYI, there are some FA doing this but, no implementation and close monitoring after they charge several thousand for the comprehensive financial plan..

Let's be frank, most FA are not really up to mark, hahaaaa

Too many too be shared, but i really need to go now to analyse the education plan, which my client has been waiting for 3 months, ahhaa!

Cheers and good luck everyone!!

36CI
As doing comparison for 7 insurers, there are total 43 types of diseases under critical illness coverage.
There are 2 insurers - Allianz & HLA cover 39 diseases and the other 5 - AIA, ING,GE, PRU, Manulife cover only 36.
Thus, if we looking into only life+36CI, HLA & Allianz should be the best, the COI (Cost of Insurance) is deem reasonable as well

Medical Card[/B]
This can be a very very big topic.
Need you to ask me a specific question, pai seh.

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Added on March 21, 2011, 3:06 pmHi Pjusa,

Many thanks for your info, i have to admit that i have great shall fall of knowledge in GI.

Do you mind to let me know which insurers you referring to?
Besides, which insurer would you recommend for H&S coverage and why?

Thank you!

This post has been edited by arpoh: Mar 21 2011, 03:06 PM

I'm not too sure if it's good to share this to public as the party affected will be insurer, sales person and the insured.
Anyway, you should have able to get this information from a hardworking and ethical FA.
(FYI, i m not even able to search the particular insurer's commission for agent in the net)

Okay, let put in this way.

The premium will be used to pay for the COI, agent comm (in first 6 years), some fee, and remaining goes to investment for ILP.
You will be surprise that every company charge different COI for life and 36CI, and the variance can be more than 30%. (Non Guaranteed)
So far I find that HLA's COI is lower compare to Allianz for ILP product - Life and 36CI only

Thus, HLA should be the best for Life+36CI.

(Rightfully, the premium for traditional is also similar)

However, HLA medical rider is very expensive compare to Allianz, lifetime limit also 30-40% lower.

Thus, Allianz should be the best for "All In One" Plan for Basic ILP plan (i.e. include waiver and medical)


INDEED. THAT IS NOT THE BEST PLAN. I SUPPOSED THE BEST IS "TRULY OFFER WHAT THE CLIENT REALLY NEEDS AND MAJOR CONCERN"
IT ALSO NEED HIGH CO-OPERATIVE BTW FA & INSURED TO WORK IT OUT

(Anyhow, how can really always put client interest first?? Sigh...)

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Added on March 21, 2011, 4:20 pmTotal from the 7 insurers are 43 diseases.
Some are very funny, for instance,

1) 3 gone already, hahaaaaaa
I)AIDS due to Blood Tranfusion
II)Full Blown AIDS
iii) AIDS Cover of Medical Staff

2) Loss of Limbs
I supposed, paralysis pretty close to this

3) Coranery Artherectomy
Only 1 insurer, tak tahu apa ni

4) 3 insurers dont cover this, jia lat!
II)Other Serious Coronary Artery Disease
III)Angioplasty & Other Invasive Treatments for Coronary Artery Disease


This post has been edited by arpoh: Mar 21 2011, 04:20 PM

Yalor yalor, Allianz coverage is deem little for female disease. (under H&S)

However, Female Diseases plan very very costly worrr!
And the reimbursement mainly carcinoma-in-situ and maternity which dont fully reimburse , SLE include in 36CI for some insurers d.

Anyway, if the insured has such concern esp genetic issue, it highly advisable to get a plan to cover for female disease.
Also, need to consider on the budget as the plan make affect the cash flow management and lower her personal wealth.

Hi PJUSA,

Many thanks for sharing, you are really good.

Emmm, is GI = GENERAL Insurance here?
If yes, i can see above which i recognized are all under LIFE Insurance's product, eg Allianz, AIA, Manulife

As far as i concern, standalone product is 20-30% more expansive in its COI.

Kindly correct me if I m wrong :-)

ICIC, wondering what is the difference btw GI standalone and LI standalone?

ICIC, thanks for your info~
Will look into it!

Life Insurance got standalone medical Card
I know HLA, AIA, Allianz confirm got.
Rightfully PRU and ING also got (but you can forget about these 2)